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KUMBA IRON ORE LIMITED - Dealings by directors and by directors of a major subsidiary

Release Date: 17/08/2020 12:38
Code(s): KIO     PDF:  
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Dealings by directors and by directors of a major subsidiary

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
("Kumba" or "the Company")


DEALINGS BY DIRECTORS AND BY DIRECTORS OF A MAJOR SUBSIDIARY

In terms of the JSE Limited Listings Requirements, the following information is disclosed pursuant to
the grant and acceptance of conditional awards in terms of the Company’s Performance Share Plan
("PSP"):

Director:                       Themba Moyeni Mkhwanazi
Company:                        Kumba Iron Ore Limited
Grant date:                     11 August 2020
Acceptance date:                12 August 2020
Nature of transaction:          Off market grant and acceptance of
                                conditional share awards
Class of securities:            Ordinary shares
Number of conditional shares:   36 430
                                The conditional shares will vest after three
                                years based on certain performance criteria
                                being met in terms of the PSP
                                Subsequent to the vesting period, an
                                additional two-year holding period will apply
                                during which the vested shares will be held in
                                escrow
Grant price*:                   R356.54
Value of transaction:           R12 988 752.20
                                The value of R12 988 752.20
                                is based on the 3-day VWAP of R356.54
                                ended 20 February 2020
Nature of interest:             Direct beneficial
Clearance obtained:             Yes


Director:                       Bothwell Anesu Mazarura
Company:                        Kumba Iron Ore Limited
Grant date:                     11 August 2020
Acceptance date:                12 August 2020
Nature of transaction:          Off market grant and acceptance of
                                conditional shares awarded
Class of securities:            Ordinary shares
Number of conditional shares:   13 558
                                The conditional shares will vest after three
                                years based on certain performance criteria
                                being met in terms of the PSP
                                Subsequent to the vesting period, an
                                additional two-year holding period will apply
                                during which the vested shares will be held in
                                escrow
Grant price*:                   R356.54
Value of transaction:           R4 833 969.32
                                The value of R4 833 969.32 is based on the
                                3-day VWAP of R356.54 ended 20 February
                                2020
Nature of interest:             Direct beneficial
Clearance obtained:             Yes


Director:                       Seboleleng Virginia Tyobeka
Company:                        Sishen Iron Ore Company Proprietary
                                Limited, a major subsidiary of Kumba
Grant date:                     11 August 2020
Acceptance date:                12 August 2020
Nature of transaction:          Off market grant and acceptance of
                                conditional shares awarded
Class of securities:            Ordinary shares
Number of conditional shares:   6 923
                                Shares vest after three years on certain
                                performance criteria being met in terms of the
                                PSP
Grant price*:                   R356.54
Value of transaction:           R2 468 326.42
                                The value of R2 468 326.42 is based on the
                                3-day VWAP of R356.54 ended 20 February
                                2020
Nature of interest:             Direct beneficial
Clearance obtained:             Yes


Director:                       Philippus Johannes Pieter Fourie
Company:                        Sishen Iron Ore Company Proprietary
                                Limited, a major subsidiary of Kumba
Grant date:                     11 August 2020
Acceptance date:                12 August 2020
Nature of transaction:          Off market grant and acceptance of
                                conditional shares awarded
Class of securities:            Ordinary shares
Number of conditional shares:   6 140
                                Shares vest after three years on certain
                                performance criteria being met in terms of the
                                PSP
Grant price*:                   R356.54
Value of transaction:           R2 189 155.60
                                The value of R2 189 155.60 is based on the
                                3-day VWAP of R356.54 ended 20 February
                                2020
Nature of interest:             Direct beneficial
Clearance obtained:             Yes

* Award price per share is based on the 3-day VWAP ended 20 February 2020. The highest and
lowest prices traded over each day were as follows:

Date                         Highest price      Lowest price
18 February                  R375.08            R346.71
19 February                  R373.06            R345.10
20 February                  R368.00            R351.72

Centurion
17 August 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

Company Secretary
Ms Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 683 7060
Mobile: +27 83 297 2293

Investors                                             Media
Penny Himlok                                          Sinah Phochana
penny.himlok@angloamerican.com                        sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                                  Tel: +27 12 683 7019
Mobile: +27 82 781 1888                               Mobile: +27 76 066 0655


Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding
supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at
Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a
range of geographical locations around the globe including China, Japan, Korea and a number of
countries in Europe and the Middle East.

Anglo American is a leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive operations, development
projects and undeveloped resources, provides many of the metals and minerals that enable a cleaner,
greener, more sustainable world and that meet the fast growing consumer-driven demands of developed
and maturing economies. With our people at the heart of our business, we use innovative practices and
the latest technologies to mine, process, move and market our products to our customers – and to
discover new resources – safely and sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the
steelmaking ingredients of iron ore and metallurgical coal, and nickel – with crop nutrients in
development and thermal coal operations planned for divestment – we are committed to being carbon
neutral across our operations by 2040. We work together with our business partners and diverse
stakeholders to unlock sustainable value from precious natural resources for the benefit of the
communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo
American is re-imagining mining to improve people’s lives.
www.angloamerican.com

Date: 17-08-2020 12:38:00
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